African Business News

Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.

94943 president tinubu to prioritize effective revenue management revenue adviser

President Tinubu to Prioritize Effective Revenue Management – Revenue Adviser

By Ifunanya / August 18, 2023

The administration of President Bola Tinubu is committed to ensuring that every Nigerian naira of the nation’s revenue is utilized […]

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It’s illegal for CBN to float Naira – Femi Falana

By Ifunanya / August 18, 2023

A Senior Advocate of Nigeria, SAN, Femi Falana has said the Central Bank of Nigeria’s decision to float the Naira […]

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94667 cbn launches price verification system portal to streamline importation process

CBN Launches Price Verification System Portal to Streamline Importation Process

By Ifunanya / August 18, 2023

The Central Bank of Nigeria (CBN) has announced the launch of the Price Verification System (PVS) portal, marking a significant […]

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94614 federal government approves n180bn for states and fct to procure grains for residents

Federal Government Approves N180bn for States and FCT to Procure Grains for Residents

By Ifunanya / August 18, 2023

The federal government has given the green light for the allocation of N180 billion to the 36 states and the […]

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94569 nigeria earned over 740 billion from oil gas in 21 years neiti

Nigeria Earned Over $740 Billion from Oil & Gas in 21 Years – NEITI

By Ifunanya / August 17, 2023

Last updated on August 17, 2023 Nigeria has generated a staggering $741.5 billion from the oil and gas sector, and […]

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15443 icpc secures conviction of director firm over n13m contract fraud

Illicit Financial Flows: Draining Nigeria’s Foreign Reserves and Revenue

By Ifunanya / August 17, 2023

The Chairman of the Independent Corrupt Practices and other related Offences Commission (ICPC), Prof. Bolaji Owasanoye, has highlighted the detrimental […]

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Nigeria Generates $741.48 Billion Revenue from Oil and Gas in 21-Year Period, NEITI Reveals

By Ifunanya / August 17, 2023

In a significant revelation, the Nigeria Extractives Industries Transparency Initiative (NEITI) has announced that the country earned a staggering $741.48 […]

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94192 nigeria commended for adopting national action plan on business and human rights

Nigeria Commended for Adopting National Action Plan on Business and Human Rights

By Ifunanya / August 17, 2023

The Nigerian government has received praise for its approval of the National Action Plan on Business and Human Rights. The […]

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18438 nigeria will surpass 4 8bn revenue from non oil export in 2023 nepc

NEPC Unveils Scheme for Nigerian Youths to Boost Export Earnings

By Ifunanya / August 17, 2023

The Nigerian Export Promotion Council (NEPC) has introduced a groundbreaking scheme aimed at enhancing the participation of youths in the […]

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43370 ncdmb female engineers empower girls

Nigerian Content Development and Monitoring Board Pledges Support for Workplace Anti-Corruption Campaign

By Ifunanya / August 16, 2023

The Nigerian Content Development and Monitoring Board (NCDMB) has announced its commitment to supporting the campaign against corruption in the […]

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93968 kadirs arrests six member gang of illegal tax collectors

KADIRS Arrests Six-Member Gang of Illegal Tax Collectors

By Ifunanya / August 16, 2023

In a joint operation with the Nigeria Police Force, the Enforcement Team of the Kaduna State Internal Revenue Service (KADIRS) […]

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93891 fuel marketers express concern as government rejects price increase

Fuel Marketers Express Concern as Government Rejects Price Increase

By Ifunanya / August 16, 2023

Oil marketers have urged President Bola Tinubu to gradually ease the removal of subsidy on Premium Motor Spirit, commonly known […]

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93783 profit taking activities lead to losses on equities market

Profit-Taking Activities Lead to Losses on Equities Market

By Ifunanya / August 16, 2023

By Salamatu Ejembi, Lagos – August 15, 2023 Profit-taking activities in DANGOTE SUGAR REFINERY PLC (-4.4%) and FBN HOLDINGS PLC […]

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93731 severe tragedy fatalities and missing crew members as seplat energy oil rig collapses in delta

One dies, others missing as Seplat Energy oil rig collapses in Delta

By Ifunanya / August 16, 2023

Seplat Energy Plc said one person died following the collapse of its ‘Majestic’ oil rig near Ovhor in Delta State. […]

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93633 2023 expo ncc highlights indigenous telecom achievements that fuel economic growth

2023 Expo: NCC Highlights Indigenous Telecom Achievements That Fuel Economic Growth

By Ifunanya / August 15, 2023

The Nigerian Communications Commission (NCC) is set to showcase the remarkable strides made in promoting indigenous content in the telecommunications […]

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Oil Marketers Lament as Diesel Prices Soar to N950 per Litre Due to Forex Crisis

By Ifunanya / August 15, 2023

Oil suppliers are expressing their concerns as the foreign exchange crisis and the implementation of a 7.5 per cent Value […]

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93475 basic wages in britain hits new record growth

Basic Wages in Britain hits new record growth

By Ifunanya / August 15, 2023

The Bank of England. Image: Reuters Last up to date Aug 15, 2023 Basic wages in Britain has hit a […]

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93352 no intention to hike fuel pump price nnpcl breaks silence

No intention to hike fuel pump price – NNPCL breaks silence

By Ifunanya / August 15, 2023

The Nigerian National Petroleum Corporation Limited has debunked claims making the spherical over an upward assessment of fuel pump costs […]

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93307 council signs mou with german agency to boost commodity production

Council Signs MoU With German Agency To Boost Commodity Production

By Ifunanya / August 15, 2023

Nigerian Export Promotion Council (NEPC) and the German Agency for International Cooperation (GIZ) are working collectively to extend the manufacturing […]

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CBN to clamp down on forex speculators soon

By Ifunanya / August 14, 2023

There are sturdy indications that the Central Bank of Nigeria (CBN) is about to wield the large stick on forex […]

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